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Goodwill Industries Leases Industrial Property In Santa Ana To 3601 Pendleton LLC

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LEASED

California

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Industrial31,206 SF
Leased 05/11/2021
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LEASED

Goodwill Industries Leases Industrial Property In Santa Ana To 3601 Pendleton LLC

3601 W Pendleton Ave, Santa Ana, CA...

See Similar Deals
Industrial31,206 SF
Leased 05/11/2021
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:31,206 SF
Transaction Type:Lease

The industrial building at 3601 West Pendleton Ave. in Santa Ana, spanning 31,206 square feet, has been leased to Goodwill Industries of Orange County. The property, recently renovated, will serve as a long-term solution for Goodwill's trailer storage and donated goods sorting needs. In light of the significant increase in donations due to COVID-19, this location adjacent to another Goodwill facility offers an ideal space for their operations.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not provided
  • Tenant: Goodwill Industries
  • Landlord: 3601 Pendleton LLC
  • Square Feet: 31,206
  • Tenant's Rep: Matt Christensen (JLL)
  • Landlord's Rep: Morgan Hill (Stos Partners)

Matt Christensen of Lee & Associates-Newport Beach represented Goodwill Industries in the lease agreement, while Morgan Hill of Voit Commercial represented the landlord, 3601 Pendleton LLC. The relocation to this newly renovated facility aligns with Goodwill's strategic goals and operational needs in response to the changing landscape due to COVID-19 and the rezoning of their previous facility.

Players

Matt Christensen
2 deals(949) 885-2989
BROKER

Morgan Hill
Stos Partners
1 deal
BROKER

TENANT

Details

LEASED
IMAGE: 05/11/2021 ADDRESS: 3601 W Pendleton Ave, Santa Ana, CA... MARKET: Santa Ana ASSET TYPE: Industrial TENANT'S REP: Matt Christensen(JLL) LANDLORD'S REP: Morgan Hill(Stos Partners ) TENANT: Goodwill Industries LANDLORD: 3601 Pendleton LLC SQUARE FEET: 31206

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Deal Type
Effective Rent (Annual)

$1,788,709.09

Total Lease Value

$17,887,090.89

Net Landlord Cash Flow$1,788,709.09